Exterior of Publix supermarket PECO I’s portfolio includes Butler’s Crossing, a Publix-anchored center in Watkinsville, GA.

CINCINNATI—Phillips Edison Grocery Center REIT I Inc. (PECO I) said Thursday it had completed the acquisition of certain real estate assets and the third-party asset management business of its former sponsor and external advisor, Phillips Edison Limited Partnership. The combined company, now doing business as Phillips Edison & Co., is a non-traded REIT with a total enterprise value of approximately $4 billion. Reportedly it’s the largest real estate trust focused exclusively on the grocery sector.